OutSystems
Case Studies
Accelerating Digital Transformation in Banking: A Case Study of anb and OutSystems
Overview
Accelerating Digital Transformation in Banking: A Case Study of anb and OutSystemsOutSystems |
Platform as a Service (PaaS) - Application Development Platforms Robots - Wheeled Robots | |
Finance & Insurance Retail | |
Product Research & Development Sales & Marketing | |
Last Mile Delivery Leasing Finance Automation | |
System Integration | |
Operational Impact
With OutSystems, anb found a high-performance low-code application development platform that was easy to implement, quick to learn, scalable, and secure. Over the past four years, the bank has used OutSystems to build all its digital systems, achieving award-winning results. The bank was able to launch a new digital loan origination process, a 100 percent digital mortgage approval process, and Saudi Market’s first SME digital loan application system. The bank also launched an award-winning mobile banking app, used by over one million customers. The Saudi Government selected anb to launch Aramco’s IPO, valued at 1.5 trillion dollars, and the bank delivered a digital platform to streamline the IPO subscription process. The bank also built its complete credit engine with OutSystems, customizing it to their needs and going live in just a month. | |
Quantitative Benefit
Loan origination process became three times faster, allowing anb to process loans in less than 24 hours, instead of three days or more. | |
Mortgage application process became 64 percent faster, reducing the approval process from 14 days to 5 days. | |
Launched Saudi Market’s first SME digital loan application system in less than three months. | |